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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #67,581
  • Jun 28, 2010 3:23pm Jun 28, 2010 3:23pm
Quoting mordre
I just wanted an oppinion without adding my subjective view So pass ?
depends on the style of the trader. These are easy passes for me as I will never trading into a Round number like that. Some people might see how it breaks and if it can break right through the 1.65 then you can look to see if that can hold as support. I certainly wouldn't want to take a full bar loss on a bar like this. Note the "box" we are starting to form in.

Hope that helps
Mike
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  • #67,582
  • Jun 28, 2010 3:28pm Jun 28, 2010 3:28pm
sugar ... anyone?
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meine augen sind die sterne
  • #67,583
  • Jun 28, 2010 3:30pm Jun 28, 2010 3:30pm
Quoting aserbfx
sugar ... anyone?
That looks nice Aser
  • #67,584
  • Jun 28, 2010 4:10pm Jun 28, 2010 4:10pm
I'm watching this USD/JPY candle.

Wonder how it might look tomorrow morning...
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Anything can happen.
  • #67,585
  • Jun 28, 2010 4:12pm Jun 28, 2010 4:12pm
Quoting aserbfx
sugar ... anyone?
The old simple stuff
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  • #67,586
  • Jun 28, 2010 4:13pm Jun 28, 2010 4:13pm
Quoting aserbfx
sugar ... anyone?

I like it, plus with the trend
  • #67,587
  • Jun 28, 2010 4:43pm Jun 28, 2010 4:43pm
Quoting jarroo
Its a good rule of thumb on Outside Bars. Which is that they will retrace to their prievious bar High/Low.

Look at the Monthly Nzd/JPY.

Price is in a consolidation yet the BUOB and BEOB retrace back to their previous bar High or Low.

Gbp/Usd BUOB continuation setup. Previous bar high entry may seem aggressive, but is it? Using the 1.5000 to protect our stop loss.

We seen this setup many times before . . . right Ben?
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Indicators show the past. Price Action "Indicates" the future.
  • #67,588
  • Jun 28, 2010 4:54pm Jun 28, 2010 4:54pm
Quoting ghous
Stop at BE.

g.

Those previous bar Highs are still very much in play g.
Nice to see it working out though.
Indicators show the past. Price Action "Indicates" the future.
  • #67,589
  • Jun 28, 2010 4:59pm Jun 28, 2010 4:59pm
Quoting jarroo
. . . right Ben?
What's up old buddy jarroo
Nice but I think I will leave you on your own with this one. You don't need me anyway don't you lol
  • #67,590
  • Jun 28, 2010 5:01pm Jun 28, 2010 5:01pm
Quoting benji533
What's up old buddy jarroo
Nice but I think I will leave you on your own with this one. You don't need me anyway lol


lol Good old Resistance tuning back into Support.
Indicators show the past. Price Action "Indicates" the future.
  • #67,591
  • Jun 28, 2010 5:06pm Jun 28, 2010 5:06pm
Benji, great to have you back. I trust you have been busy with school?

I still have 22 pictures saved on my USB drive that you have added to this forum. I look at them every week. Thank you so much.

I wondered if you would come back.

Now if only Dan Gilbert and Doberman stop back by.
  • #67,592
  • Jun 28, 2010 5:40pm Jun 28, 2010 5:40pm
Quoting jarroo
I'm in this one myself J. This was a Pb by Proxy, meaning since the Open and Close was not within the previous bar, you use a previous bar High or PPZ level to compensate for that structurally deficiency.

You had the gap, which could work for you or against you. Trading into a alot of traffic but I thought the size of the bar and weight of the location was good for a small position for me. I'm using previous Daily bar Highs for my S/L.

other J.
I was asked about an update on my Nzd/Jpy. Closed my 2nd half at 62.85, on 6-25.

I know the previous bar High stop loss placement (purple lines) would still have me in this one but the PPZ level at the 62.70ish level just made sense, even if it goes to 50.
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Indicators show the past. Price Action "Indicates" the future.
  • #67,593
  • Jun 28, 2010 5:55pm Jun 28, 2010 5:55pm
Quoting unlv_tj
Benji, great to have you back. I trust you have been busy with school?

I still have 22 pictures saved on my USB drive that you have added to this forum. I look at them every week. Thank you so much.

I wondered if you would come back.

Now if only Dan Gilbert and Doberman stop back by.
wow, thanks for the kind words buddy.
Yea, just finished school forever (damn). Was not so busy with exams, but with all the additional environment and stuff of final graduation. Beside, this stuff is too simple to be continuously dug forever
Can't be sure about what the future will bring, but generally I am planning on shifting most of my computer time for working full time and start building my future capital. With daily charts you can do anything whenever you want.

By the way, did anyone hear about sport arbitrage? I have accidentally figured out something similar to that when betting the world cup with my friends and can't stop researching it since then. Man, there are so many ways of making money online these days, but nothing overcomes daily charts......right jarroo?

Ben
  • #67,594
  • Jun 28, 2010 6:01pm Jun 28, 2010 6:01pm
Quoting benji533
wow, thanks for the kind words buddy.
Yea, just finished school forever (damn). Was not so busy with exams, but with all the additional environment and stuff of final graduation. Beside, this stuff is too simple to be continuously dug forever
Can't be sure about what the future will bring, but generally I am planning on shifting most of my computer time for working full time and start building my future capital. With daily charts you can do anything whenever you want.

By the way, did anyone hear about sport arbitrage? I have accidentally figured...

You mean there's another way ? I don't think so . . lol . . .
Indicators show the past. Price Action "Indicates" the future.
  • #67,595
  • Jun 28, 2010 6:40pm Jun 28, 2010 6:40pm
Quoting unlv_tj
Benji, great to have you back. I trust you have been busy with school?

I still have 22 pictures saved on my USB drive that you have added to this forum. I look at them every week. Thank you so much.

I wondered if you would come back.

Now if only Dan Gilbert and Doberman stop back by.
Can you please post the link or pics, if they belong to J16 method ?
  • #67,596
  • Jun 28, 2010 7:10pm Jun 28, 2010 7:10pm
I was reading about that this morning. Basically its when you take opposing bets with different bookies, attempting to scalp the difference in odds.

The trick is just checking all the bookies on a constant basis, which can be time consuming.
To see what is in front of one's nose needs a constant struggle.
  • #67,597
  • Jun 28, 2010 7:41pm Jun 28, 2010 7:41pm
Quoting cprao
Can you please post the link or pics, if they belong to J16 method ?
The posts are in this thread. I believe you can search this thread for posts made by Benji.

I will attach one of my favorite "Benji's"...
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  • #67,598
  • Jun 28, 2010 7:48pm Jun 28, 2010 7:48pm
Quoting Noses&Sight
I was reading about that this morning. Basically its when you take opposing bets with different bookies, attempting to scalp the difference in odds.

The trick is just checking all the bookies on a constant basis, which can be time consuming.
I used to do some sports arb back in the day, but as the market expanded, inefficiencies were squeezed out. 5% used to be pretty easy to find, but by the end (~2005) I was struggling to find even half that. Wasnt really worth my time anymore.

And that's ignoring the fact that you need to put huge amounts of capital with (sometimes) shady internet sports books to make it worthwhile.

These days, from what I understand, its pretty rarely worthwhile - except around major sporting events that bring in the punters (ie, the world cup and the superbowl). A couple of guys I know still do it, but its all pretty much automated and they claim that profitable spreads generally close in under 5 minutes. Efficient markets win again.

These days, sports betting is strictly for while drunk at the pub and forced to watch some kind of sport I dont like, understand or both

(or, like any True Australian, the rabbitohs!)

edit: wb Ben
When you have to shoot, shoot. Dont talk.
  • #67,599
  • Jun 28, 2010 8:01pm Jun 28, 2010 8:01pm
Quoting unlv_tj
The posts are in this thread. I believe you can search this thread for posts made by Benji.

I will attach one of my favorite "Benji's"...
Cool. Thank you. This is a good one.
  • #67,600
  • Jun 28, 2010 8:17pm Jun 28, 2010 8:17pm
Quoting benji533
wow, thanks for the kind words buddy.
Yea, just finished school forever (damn). Was not so busy with exams, but with all the additional environment and stuff of final graduation. Beside, this stuff is too simple to be continuously dug forever
Can't be sure about what the future will bring, but generally I am planning on shifting most of my computer time for working full time and start building my future capital. With daily charts you can do anything whenever you want.

By the way, did anyone hear about sport arbitrage? I have accidentally...
congrats Benji you have a bright future, I have no doubts
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